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Banks Face $3.6 Trillion 'Wall' of Debt: IMF

The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday.

ICBC Agrees the First Chinese Takeover of a U.S. Retail Bank

Industrial & Commercial Bank of China Ltd. agreed the first Chinese takeover of a U.S. retail bank, boosting financial ties between the two largest economies as President Hu Jintao concluded a four-day visit to the nation.

FDIC shuts down 7 banks in Illinois...

STEVENSON JACOBS My Way News 04/25/2010
List of Problem Banks Grows Despite Solid Net Income

The number of banks on the Federal Deposit Insurance Corp's confidential "problem" list grew over the summer even while the overall industry posted solid net income.

FDIC shuts down 7 banks in Illinois...

Regulators on Friday shut down seven banks in Illinois, putting the number of U.S. bank failures this year at 57.

Goldman Sachs: the bank that thought it ruled the world

Goldman Sachs was ‘doing God's work' - but it is now being investigated for fraud. Harry Wilson reports.

Warren Buffett calls for penalties for bank executives who led their companies to fall

Warren Buffett, America's most famous, chairman of Berkshire Hathaway Inc., launched an attack Saturday on bank giants' executives, calling for penalties for those who led their companies to near-collapse.

Obama to announce Thursday tougher restrictions on size and complexity of banks

WASHINGTON — President Barack Obama, eager to harness and redirect voter anger over bank bailouts, is ramping up his war on Wall Street.

White House reportedly mulls bank fee in budget

WASHINGTON (Reuters) - The Obama administration is considering imposing a fee on banks to help recover some of taxpayers' costs of bailing banks out from the financial crisis, according to multiple reports on Monday.

Wells Fargo Awards Stock Bonuses Worth $25 Million to Top Executives

Wells Fargo (NYSE:WFC) announced on Thursday that its top four executives would receive stock bonuses worth approximately $25 million, although they were quick to add that no cash bonuses would be paid out for 2009.

President Barack Obama presses big banks to step up lending to small businesses

WASHINGTON - -- In President Barack Obama's view, taxpayers helped give the Wall Street executives he recently called "fat-cat bankers" another nine lives with government bailouts.


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